RICHARD ALLEN HOUSING CORPORATION (EIN 391921745) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1998

Legal Domicile

Principal Officer

PATRICK EUBANKS

Phone

4142738326

Tax Period

2023-01-01 to 2023-12-31

RICHARD ALLEN HOUSING CORPORATION, founded in 1998, is a small nonprofit in the Housing & Shelter sector that reported $213K in total revenue in fiscal year 2023. Expenses of $299K exceeded revenue, resulting in a 40% operating deficit.

Mission

PROVIDE HOUSING TO ELDERLY AND HANDICAPPED FAMILIES IN LOW TO MODERATE INCOME CATEGORIES.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $213,054

Investment Income $15

Other Revenue $0

TOTAL REVENUE $213,069

Expense Breakdown

Grants Paid $0

Salaries & Benefits $48,601

Fundraising Expenses $0

Program Expenses $276,335

Other Expenses $250,330

TOTAL EXPENSES $298,931

Year-over-Year Comparison

	2023	2022	Change
Revenue	$213,069	$212,312	+0.0%
Expenses	$298,931	$216,756	+0.4%
Net Income	$-85,862	$-4,444	+18.3%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

N/A

Governance Policies

✗ Conflict of Interest Policy

✗ Whistleblower Policy

✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PATRICK EUBANKS	PRESIDENT	4.00	Officer Director	$0	$0	$0
DAN AJIBOLA	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
JOSEPH WILLIS	SECRETARY	2.00	Officer Director	$0	$0	$0
JERRY JORDAN	TREASURER	4.00	Officer Director	$0	$0	$0

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2024	No data	No data	No data	No data
2023	$213,069	$298,931	$647,493	$-85,862
2022	$212,312	$216,756	$720,749	$-4,444
2021	$220,954	$205,194	$730,099	$15,760
2020	$221,361	$318,828	$729,317	$-97,467
2019	$213,944	$290,021	$766,149	$-76,077
2018	$203,162	$228,588	$845,976	$-25,426

RICHARD ALLEN HOUSING CORPORATION